Ukraine Govt. Opens a Website for Donating and Buying NFTs

Ukraine Govt. Opens a Website for Donating and Buying NFTs
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Economy

Ukraine Govt. Opens a Website for Donating and Buying NFTs

The Ukraine government has developed a website for NFT (non-fungible token) donations to generate funding.

04/30/2022

The Ukrainian government has developed a website for NFT (non-fungible token) donations to generate funding to aid the military forces of the country in their fight against Russia.

Supporting the Ukraine Military with NFT Donations

The new marketplace will contain a variety of NFTs, including the popular MoonCat collection and the Ethereum-based CryptoPunks, and will come with an ETH address for anyone who wishes to give.

So far, crypto donations have netted the Ukrainian government more than US$100 million. A figure that has grown rapidly since digital asset exchange Kraken and the Bored Ape Yacht Club (BAYC) joined the charity efforts last month, Crypto News Australia.

The proceeds were largely used to buy the necessary military equipment for Ukraine’s military arm, including bulletproof vests, medicine, and general supplies.

Blockchain, crypto and NFTs will not stop missiles, said Alex Bornyakov, the Deputy Minister of Digital Transformation of Ukraine. “But, [they] do offer a way to protect our defenders and rebuild Ukraine as an innovation-friendly country”:

Despite the desire to encourage crypto donations, the larger community remains baffled by recent news of the Ukrainian government restricting cryptocurrency purchases for its residents. As reported by Crypto News Australia last week.

The National Bank of Ukraine has barred its residents from purchasing more than 100,000 UAH (about US$3,400) in cryptocurrency per month.

By Elah Mae Ariate Wozinga Staff

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